Digital asset investment products saw over $240 million in net outflows last week as a result of the global economic uncertainty tied to new U.S. trade tariffs, according to Coinshares’ “Digital Asset Fund Flows” report.

Bitcoin led the withdrawals with a $207 million outflow of related funds, reducing its year-to-date inflows to $1.3 billion. Ethereum followed with $37.7 million in outflows, while Solana and Sui saw $1.8 million and $4.7 million withdrawn, respectively. 

Despite the outflows, total assets under management (AUM) remain steady at 0.8% to $132.6 billion, a sign of strength in the digital asset sector.

The U.S. accounted for the largest outflows at $210 million, followed by Germany with $17.7 million, Switzerland at $8.3 million, and Sweden with $7.1 million. Meanwhile, Canada, Brazil, and Australia recorded little inflows of $4.8 million, $1.4 million, and $0.6 million, respectively.

Crypto asset weekly flows (Source: CoinShares)

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Among the providers, Bitwise Funds Trust saw $31 million in outflows, ARK 21Shares lost $20 million, and Coinshares XBT Provider AB lost $6 million. While the Fidelity Wise Origin Bitcoin Fund and 21Shares AG reported inflows of $10 million and $7 million, respectively.

Tariffs Stir Markets, Digital Asset Space Holds Firm

The outflows from digital asset products were in line with the global economic concerns sparked by U.S. trade tariffs announced last week, raising fears of a potential trade war and global slowdown. 

James Butterfill, Coinshares’ Head of Research, commented that the announcement prompted investors to go defensive, affecting digital as well as traditional markets. 

As digital assets saw $240 million liquidated, traditional equities, represented by the MSCI World equities index, declined by 8.5% in the same period. 

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In contrast, the digital asset market’s AUM stability proves a comparative balance following the volatility.

Notably, Ton Coin attracted $1.1 million in inflows, a positive sign of investor confidence despite the global sell-off. Such selectivity and strength are proof of a maturing market, where participants are coping with uncertainty by means of focused strategies rather than across-the-board withdrawals.

Market Outlook: Resilience Meets Rebalancing

The $240 million outflows appear more a rebalancing strategy rather than a collapse in the context of economic uncertainty. The AUM holding at $132.6 billion shows the digital asset market’s ability to weather challenges that have hit traditional asset classes harder. 

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Regional differences—massive U.S. outflows versus modest inflows elsewhere—and mixed provider performance, with outflows from major players offset by gains at Fidelity and 21Shares, suggest a complex investor reaction rather than a uniform pullback.

For investors, the data presents a dual narrative: caution dominates, yet resilience and targeted inflows, like those into Ton Coin, show potential opportunities.